tv On the Money ABC November 13, 2016 3:00am-3:30am CST
heading to the mall has become a holiday tradition. this year you may see a closed sign instead of a sale sign. the clock may be turning back. what could change with a trump administration and what should you be doing. >> and programs to help veterans succeed in a small business. >> it is completely unknown. >> and turkey day is just a few we have money saving tips for your feast. we begin with thanksgiving, it's not that far away and it has always been a family time around the table. as retailers move their black friday door busters to thursday, could that trend be starting to
here is courtney reagan. >> stores opening earlier and earlier, and some are reversing course. closing on thanksgiving. the largest shopping center, and 72 regional malls say the decision to close is to give employees the day off, but experts say it is not the fun >> you may still decide to stay open on thanksgiving day because you don't want to give up that market share to one of your competitors. >> nay say data from stores open on thanksgiving the last five years shows it doesn't necessarily improve overall holiday performance.
a profit and it just gets smaller and smaller. >> consumers are conflicted, too. >> people are working long hours and they should be able to enjoy time with their families. >> last year was the first year they were open on thanksgiving. >> i was really upset about having to work on thanksgiving, >> many retailers ask for employees to volunteer to work first, and not every retailer stays open. among those yet to hold thanksgiving hours. they had to expenses, but in the race to capture market share in store and online, most calculate
>> 35 million shoppers hit the stores last year. is it hart of the reason that people are changing course? >> it's possible, but last year on thanksgiving day $2 billion was bought online. it is a lot of money, but very small compared to what happened in stores. >> an increasing number of retails thanksgiving, and cbl and associates will close 72 shopping malls in 28 states. steven is the president and ceo, thank you for being here. for the past couple years you were open on thanksgiving, why close this time around? >> we looked at it this year and
thing to do. we have almost 100,000 employees for our stores across our portfolio and we think they deserve thanksgiving off. >> the reaction has been incredibly positive. we have calls, e-mails, social media, everyone has supported us, they feel like it is the right thing to do. we don't want to shop on great thing, and you are probably hoping they do. . >> that is true, but a lot of our halls are the only mall in the market so we're not competing with other malls per se, and the communities feel strongly this is the right thing
disadvantage. they really felt like their employees deserved the day off. they wanted to see it happen as well. >> could some of the stores like a macy's still open on thanksgiving. >> they can and they will, that is their decision, but the interior mall portion, those will be closed and that is where most of our business is done. >> what do you thi >> it is growing and i think what is happening is the opening on thanksgiving and it was a knee jerk opening, but now retailers realize it it is not a threat, it is returned, they see
people that make time and a half or two times their wage, and they can still spend time with their family and they benefit. what would you say about the ability of your workers to be able to earn more? >> we have not heard that. we heard how they're so appreciative for getting the day off. and it is really special. >> is >> we look at data. we looked at the numbers this year before making a decision. last year we considered it and we're seeing the dollars are spread out. the same dollars over a longer period of time you look at retailers and roughly 50% are closed and 50% are open.
virginia. thank you. . >> here is a look at what is making news. it's being called the trump rally. the dow jones closed as a new record high on thursday. financial companies climbed. but the tech different rush. thai owe ta may start hozer z mass producing long-range electric skreeks. the company will lawn a plug in hybrid version in the coming months. >> a big tale at macys, they struck a deal to create
real estate assets like parking lots around stores and stores they are closing. >> the world certainly changed this week with the he will election of donald trump. what is different now with president elect trump. joining us now, david, thank you from being here. >> we have a new president elect, a senate. should this change anyone's approach to their money? >> i think people should look at how they're positioned here. i don't think people should be too scared. i don't think we're going to see a full blown trump policy here. it could damaging to the economy, i think that the desire for the economy not to go in a
too painful for voters on the part of congress. but the one thing that all of these policies seem to have is cessation. more structure spending, lower taxes, and higher inflation. >> what about interest rates. they have been climbing. >> better return on savings. >> a little over 2%, so that means you're getting 2%. so since the rise in interest rates. people have to be more nervous
markets going up further. >> donald trump also publicly said that the about janet yellin. >> donald trump cannot fire janet it was part of the federal reserve, when donald trump was criticizing her, he was criticizing her in a way that may help her opponent. >> when it comes to your money what changes now?
that you're not -- bonds or things like rooets and utilities and have high yields. >> and the thing more broadly, make sure you have enough international exposure. the trump presidency will be good for growth and inflation here. the u.s. is running out of room to grow and a more restrictive policy could make that problem because of they think people need to have money not just in the united states, but in europe and emerging markets where there may be more room to grow in the long run. >> thank you for joining us. >> going from the front lines to the bottom line, how vets get help to start their own business. later, if turkey is on your thanksgivingmenu, tips for budgets so it doesn't gobble up
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this week we observe veteran's day, a time for honor those that have defended our freedom. and some people are honoring them by advising them in the next part of their careers. we met some of the veteran entrepreneurs and the people using their time and expertise >> we were waiting to see if there was anything out of the ordinary. >> they went from tlaering explosive devices to navigating the business world. >> he founded a company called film link up. >> i can send messages to different people. >> it's a social media platform
>> the production companies that need their assistance. >>. >> a few of the unknowns -- >> for a dodsen other veteran startups, it was made easier with people -- >> they have the technical skills and capabilities. he now gives legal advice to veterans that want to start their own business through his new york based >> we're here to bridge that cap in terms of the legal and business side of things. >> linda brown. >> they lead us and guided us
legalities. >> they generated over $1 trillion in sales. veterans are also more likely to be self employed than nonveterans. they have so much to bring, law firms, consulting firms, accountants can bring advice for veterans. >> you have to have a good business plan. you can d veterans were given counsel on everything from drafting articles of incorporation to following rules and procedures when setting up shop. who better to hire the next generation of vets than veterans themselves. . >> more than 20 years of military experience. she is also the associate
business administration. thank you for joining us. >> good morning, thank you. >> what advice do you have for veterans currently serving or that are back home. >> now is the time to do it. we're raidy to help by mentoring you in that pursuit. >> what are you hearing from vets overall. how business ready are they? >> they're incredibly they're very entrepreneurial already. it is inevitable you will find bumps in the road. it is the same in the business world. we have the most agile and persistent people. >> what kind of help is most important for them? is it financial? advice? being able to speak with someone
>> it is important to tlaelz being a small business owner is a team sport, and they can be a small businessmen tor. as you said, access to capital, getting money, it's a challenge and we can open path ways to get that money. >> what about veterans not sure if they are qualified to do something like this. what kills to they bring to the tagt? >> persistence is something you absolutely need in business ownership. i appreat able to seek help when they don't know the answer and that can save a business. they're also looking out for team members on the left and right. they do it on the business world side as they hire people and they bin sfles their employees. >> barb, thank you, barb carson of the small business incorporation. >> we're on the money. how big of a bird will you need
[burke] at farmers, we've seen almost everything, so we know how to cover almost anything. even a rodent ride-along. [dad] alright, buddy, don't forget anything! [kid] i won't, dad... [captain rod] happy tuesday morning! captain rod here. it's pretty hairy out on the interstate.traffic is literally crawling, but there is some movement on the eastside overpass. getting word of another collision. [burke] it happened. december 14th, 2015. and we covered it. talk to farmers. we know a thing or two because we've seen a thing or two. ? we are farmers. bum-pa-dum, bum-bum-bum-bum ? . with thanksgiving just around the corner, americans are expected to fork over a billion dollars on turkey alone if is one of the most expensive months for credit card holders.
on a budget. welcome, dawn. >> in most homes, the turkey is the main centerpiece, should they spend big or stave big. >> you should not shell out a ton of money. a pound of organic butter could cost you $8 but it is likely buried in the stuffing. >> how big should the main attraction be? >> i think you should bet on serving 1.5 people coming. so a 12 to 14 pound turkey should be eight to ten people. >> are there fips for getting a great deal? >> there are a lot of great -- sometimes there is great deals right in your area. >> not just turkey, but about what the sides you're going through to pick up at the super market. >> all year round, but especially now.
bean casserole on the table. they're at their peak in high summer. so we want ingredients at their peek right now. winter squash, dark greens. >> you have general tips on how to stay in your budget? >> first thing you want to do is ma a people you're going to feed. then make a list. >> lots of folks are happy with just the sides versus the turkey, but you can use one of these now centerpiece vegetarian meals. a sweet potato, an eggplant,
special even for vegan and vegetarian friends. >> can't live without rolls. i love bread. buttery rolls. >> brown and serve, if that's your thing, go for it. >> up next "on the money" a look at the news for the week ahead, but first a look at how the stock market ended the week. what powers the digital world? communication. like centurylink's broadband network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day
for more on our show, go to our website otm .cnbc.com. and coming up this week, milestone monday. the anniversary of the dow closing above 1,000 for the first time. we'll get a measure of whole sail ebb inflation, a check on the housing market with housing starts, and happy birthday, miky, disney's famous mouse made his debutte in 1928. that is the show for today, i'm
the studios of farm journal broadcast, this is u.s. farm report.> welcome to u.s. farm report. i'm tyne morgan, and here's what we're working on for you over the next 60 minutes. what does a trump presidency mean for ag? we'll look at his first 100 days. usda hit the market with a shocker in corn this week... why did prices plunge and then bounce back? we'll have the answer. milk producers haven't had it easy this year... < i think we're going to close 2016 muh better> we'll tell you why things are looking up. we honor veteran's day with a story of a marine who was held hostage for more than 400 days. andrew mccrea has his story of both bravery and perserverance in american countryside. and in john's world...